12425 Oak Knoll Rd - Apartments FOR SALE


Poway, CA 92064
$23,000,000 USD
858-369-3084
12425 Oak Knoll Rd, Poway, CA for Sale
$23,000,000 USD
Apartments - FOR SALE
1/22
null | 4.76% Cap Rate

12425 Oak Knoll Rd
Poway, CA 92064


HIGHLIGHTS

  • Private gated community featuring controlled access for enhanced security.
  • Spacious apartments equipped with air conditioning, hardwood-style flooring, and walk-in closets.
  • On-site management and 24-hour emergency maintenance services for added convenience.
  • Convenient location near shopping centers, dining options, parks, and major schools, with easy access to Interstate 15.

OVERVIEW

Kidder Mathews is pleased to present Scripps Poway Villas & Pomerado Self-Storage, a unique investment opportunity consisting of a 56-unit apartment community and a 48-unit self-storage facility located in Poway, California. The adjacent properties provide stable cash flow and benefit from shared operations. The apartment community has been well maintained and the majority of the units have been renovated over the years with updates to the kitchens and bathrooms. Investors have the opportunity to further increase revenue through the installation of in-unit washers and dryers, a proven amenity that can command meaningful rent premiums. Located in one of San Diego County's most affluent and supply-constrained submarkets, the property benefits from strong demographics, highly rated schools, and significant barriers to new development. Combined with proximity to major employment centers, retail amenities, and the Poway Business Park, Scripps Poway Villas & Pomerado Self-Storage offers a rare opportunity to acquire a well-positioned portfolio with long-term growth potential.

FOR SALE DETAILS

PRICE

$23,000,000 USD

PRICE/SF

$482 USD /SF

# OF UNITS

56

PRICE/UNIT

$410,714

CAP RATE

4.76%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Scripps Poway Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

56

LAND DETAILS

LAND ACRES

2.2 AC

LAND SF

95,832 SF

ZONING

R3, Poway

APN/PARCEL ID

317-550-20

ASK ABOUT THIS PROPERTY

Eric ComerKidder MathewsMore Info
858-369-3084

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Eric ComerKidder MathewsMore Info
858-369-3084

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.